HK Land

HK Land: CIMB technicals says the charts tip Sell. Says, the stock violated its wedge support recently and is now holding a tad below its 50-day simple moving average. MACD is hovering in the negative territory while RSI is below the 50-point mark. Notes any rebound toward its 50-day and 30-day SMAs at US$5.93-US$6.00 is an opportunity to take profit. Adds, the odds are favoring the bears and prices could fall back towards US$5.46 and US$5.23. Tips placing a Buy stop above US$6.12. The stock is down 1.1% at US$5.67.